Google Scares Aussie Banks

mask.of.sanity writes "Google could be the biggest threat to Australia's big four banks because of the trust online users place in it and its ability to engage with customers, banking executives say. They told an audience from the finance sector that companies like Google and PayPal are more responsive and trusted than banks, and cited emerging technology with an emphasis on online applications as a means for the smaller credit unions to challenge the position of incumbent banks. It's welcome news for Australia's credit unions: the nation's banks have taken turns in being the first to lift interest rates above the official reserve bank rate, with others collectively following suit, leading some to speculate they are in collusion."

Because they don't screw us as bad

[bgibby9]

Simple but true (for the moment) ;P

Re:All I can say is...

[Ihmhi]

Paypal: we keep your money so safe, sometimes we don't even let you touch it!

Re:"Responsive and trusted"

[Charliemopps]

Come to the USA! It's so easy here it doesn't even have to be you that signs up for it. Half the time it's someone on the other side of the country that you've never met that sends in the application and the CC companies are more than happy to extend them credit in your name.